8,510 Shares in Mid-America Apartment Communities, Inc. (NYSE:MAA) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,510 shares of the real estate investment trust’s stock, valued at approximately $1,214,000.

Several other institutional investors also recently bought and sold shares of MAA. DecisionPoint Financial LLC purchased a new position in shares of Mid-America Apartment Communities during the 1st quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new position in Mid-America Apartment Communities during the second quarter worth $26,000. Mather Group LLC. purchased a new position in Mid-America Apartment Communities during the first quarter valued at $32,000. Versant Capital Management Inc grew its position in shares of Mid-America Apartment Communities by 3,071.4% in the second quarter. Versant Capital Management Inc now owns 222 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Mid-America Apartment Communities by 82.4% during the second quarter. UMB Bank n.a. now owns 239 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America upgraded Mid-America Apartment Communities from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $144.00 to $189.00 in a report on Monday, August 12th. Scotiabank lifted their price target on Mid-America Apartment Communities from $161.00 to $174.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. Piper Sandler increased their price objective on Mid-America Apartment Communities from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Wedbush lifted their target price on shares of Mid-America Apartment Communities from $154.00 to $184.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada increased their target price on shares of Mid-America Apartment Communities from $145.00 to $148.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.91.

Mid-America Apartment Communities Stock Up 0.7 %

Shares of NYSE MAA opened at $158.88 on Tuesday. Mid-America Apartment Communities, Inc. has a 1 year low of $115.56 and a 1 year high of $167.39. The company has a market capitalization of $18.56 billion, a P/E ratio of 33.31, a P/E/G ratio of 2.63 and a beta of 0.88. The company has a 50 day simple moving average of $155.92 and a 200-day simple moving average of $142.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.12 and a quick ratio of 0.12.

Mid-America Apartment Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $1.47 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.88 dividend on an annualized basis and a yield of 3.70%. Mid-America Apartment Communities’s dividend payout ratio is currently 123.27%.

Mid-America Apartment Communities Profile

MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.